Unic Press UK: The Muhammadu Buhari-led administration would embark on sale of state-owned assets to fund the 2021 budget, reports the Premium Times, Nigeria.
In a speech entitled ‘Public Presentation of 2021 FGN Approved Budget – Breakdown and Highlights’ and delivered Tuesday at a gathering of stakeholders and government officials, Nigeria’s Minister of Finance, Zainab Ahmed, laid bare government asset sale plan as an addition to other fundraising measures like domestic and international loans.
The country’s budget for the fiscal year 2021 is ₦13.58 trillion, which is a remarkable rise, given that the Appropriation (Repeal and Amendment) Act, 2020, provided for ₦10.81 trillion in aggregate expenditures for 2020.
